HMO Vs Buy to Let | Which is best? | Which will make you the most MONEY?! Jamie York

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Jamie York

Jamie York

Күн бұрын

HMO and Buy to lets are both great investments but which one is best? Do you want more capital growth? Or do you want more cashflow each month? Do you want to just spend as little as possible or do you want something more long term? I love property investment but over the last 10 years of investing property (I've invested in Buy-to-lets and HMO's ) I've made tons of mistakes and instead of seeing the shiny penny I wanted to tell you exactly what you need to know about the difference between buy to lets and HMO's.
Want to take the chat further then message me on instagram @JamieYorkAspire and put "KZbin" to chat more :)

Пікірлер: 93
@weicheng0036
@weicheng0036 3 жыл бұрын
Every time I will forget about how hard it is to deal with HMO properties and always think it is simple and easy. Thank you Jamie to list all of these, I just get all my terrible memories back 😂
@JamieYork
@JamieYork 3 жыл бұрын
Glad it was helpful!
@mindyz01
@mindyz01 Жыл бұрын
Jamie you have the best advice and content. Thank you so much for sharing! It really means a lot. Wish you all the best 😊
@arnze
@arnze 3 жыл бұрын
Great video, really appreciate you putting it all in perspective! Very blessed to have this content shared to us!
@JamieYork
@JamieYork 3 жыл бұрын
My pleasure!
@reviewersharma5727
@reviewersharma5727 2 жыл бұрын
Hi Jamie, your videos are interesting, informative & engaging. Thanks for making property more fun!
@JamieYork
@JamieYork 2 жыл бұрын
Aw thanks :)
@paulharrison8612
@paulharrison8612 2 жыл бұрын
Top advice from a guy who knows his stuff....great channel and fantastic content...well done👍
@JamieYork
@JamieYork 2 жыл бұрын
Thanks Paul, really appreciate that!
@aaronjuckes7755
@aaronjuckes7755 3 жыл бұрын
100% agree on finding a good HMO agency. I work for a hmo management agency in Buckinghamshire and we are the only ARLA registered HMO in bucks. GOOD JOB on the vids Jamie... cant wait for the next one!!
@JamieYork
@JamieYork 3 жыл бұрын
Cheers Aaron!
@bslomof-1901
@bslomof-1901 3 жыл бұрын
Yes! I've been waiting for this!
@JamieYork
@JamieYork 3 жыл бұрын
Glad to serve you!
@dwjudd
@dwjudd 3 жыл бұрын
As usual great video, down to the nitty gritty
@JamieYork
@JamieYork 3 жыл бұрын
Much appreciated
@pollywells3603
@pollywells3603 3 жыл бұрын
Well....it seems Ive started backwards 🥴😀😂 selling land for New builds, buying ( cash )BtL terraces with good tenants in situ.....onto phase two....think I should go get a few mortgages and spread my dosh a bit further ! Great clear explanations , enjoying all the vids, and passing them into my son, who one day will take over ! Cheers 👍
@JamieYork
@JamieYork 3 жыл бұрын
You can do it!
@ColourTV247
@ColourTV247 4 ай бұрын
You're the plucking best Jamie. 👌
@JamieYork
@JamieYork 4 ай бұрын
Lol! Thanks, thanks for watching! 🤣🤣
@ajlow5
@ajlow5 3 жыл бұрын
Yes big Jay, thoughts on leasing your hmo to social housing providers for a fixed term ie 5 years all minor maintenance covered by them and no voids?
@leehartshorn1479
@leehartshorn1479 3 жыл бұрын
Not that I had any interest in dabbling in HMO's but that was an interesting comparison Keep up the great vids 😉
@JamieYork
@JamieYork 3 жыл бұрын
Glad you liked it!
@jasonpatterson365
@jasonpatterson365 3 жыл бұрын
Great content as usual 👌🏿
@JamieYork
@JamieYork 3 жыл бұрын
Glad you think so!
@shazshaikh66
@shazshaikh66 3 жыл бұрын
Hi Jamie its a brilliant video. What would you advise to buy more off eg btl or hmo's? If you don't have much time eg young family to bring up? If you would buy to.hmo's how many would you suggest to buy?
@benwilcox4435
@benwilcox4435 Жыл бұрын
Another great video. Makes you think are HMO’s worth all the hassle that comes with them. However, what are your views if you’re a cash buyer. If you don’t have a mortgage to repay, when it comes to refinancing you can get more money out on a HMO that you can reinvest in other properties like buy-to-let
@eamonhannon1103
@eamonhannon1103 10 ай бұрын
Excellent analysis Jamie !
@JamieYork
@JamieYork 10 ай бұрын
Glad you liked it! Thanks for watching!
@vandeepsingh4757
@vandeepsingh4757 3 жыл бұрын
Watched it all😂finished so early man
@JamieYork
@JamieYork 3 жыл бұрын
Haha! thank you!
@adamstainer4637
@adamstainer4637 2 жыл бұрын
@Jamie York, What are your thoughts on house of partial steel construction? leave well Alone?
@user-lm8vs9im2d
@user-lm8vs9im2d 2 жыл бұрын
My cousin done a hmo as a first time buyer, plus converted three bed to eight room most have on suite, so first time buyers do purchase HMO’s and it’s in London.
@JamieYork
@JamieYork 2 жыл бұрын
That’s incredibly impression. Well done to him. Smashed it 💪
@nemonemo6285
@nemonemo6285 11 ай бұрын
Perfect, thank you
@JamieYork
@JamieYork 11 ай бұрын
You're welcome!
@AssassinHunterGamingChannel
@AssassinHunterGamingChannel 2 жыл бұрын
Jamie, I’m thinking of buying a house in Sheffield to rent to students. What sort of considerations do I have to make for these sorts of properties?
@NickHoddinott
@NickHoddinott 3 жыл бұрын
Hi Jamie. Thanks for the great content, I've been watching through all your videos. I'd love to see a video on when to start paying down BLT mortgages, instead of refinancing. With a max age limit at end of term of 80 on most BTL mortgages, do you need starting repaying them at 55-60? Otherwise surely you're faced with having to sell your portfolio eventually?
@JamieYork
@JamieYork 3 жыл бұрын
I plan to never sell them and create generation wealth. I buy properties within a LTD company :)
@eamonhannon1103
@eamonhannon1103 11 ай бұрын
Excellent analysis
@ellissaczak2435
@ellissaczak2435 3 жыл бұрын
Interesting video. In my area, you can skip a lot of the HMO costs if you go for a four-bed instead of a 5 or higher as you don't have to get a licence.
@JamieYork
@JamieYork 3 жыл бұрын
Interesting!
@eddiebirch2067
@eddiebirch2067 Жыл бұрын
What is your area please Ellis
@cormac0
@cormac0 3 жыл бұрын
Really useful video - could you do Airbnb vs BTL?
@JamieYork
@JamieYork 3 жыл бұрын
Good suggestion I did do a video about Serviced Accommodation which is here: kzbin.info/www/bejne/imrMmYekrMd6rLM
@lesterths
@lesterths 2 жыл бұрын
Hi Jamie. Good advice. For HMO, Council is going to charge council tax for every room in the HMO. That really reduces our ROCE as the council tax can be from 1400 to2000. How do deal with such problem? Do the landlords in UK increase their rents due to the increasing cost?
@johnporcella2375
@johnporcella2375 Жыл бұрын
Surely the people renting pay the Council Tax?
@youtubevideos5472
@youtubevideos5472 3 жыл бұрын
Liked👍😎
@JamieYork
@JamieYork 3 жыл бұрын
Thanks ✌
@jontyharvey5804
@jontyharvey5804 3 жыл бұрын
Hi Jamie great video I'm looking into buying outright a 150 grand house to renovate would you consider either renting it out until fully or selling it out at renovated standard therefor in its best condition
@JamieYork
@JamieYork 3 жыл бұрын
Depends what your strategy and end goals are! I always look to keep my properties for the long term!
@jontyharvey5804
@jontyharvey5804 3 жыл бұрын
@@JamieYork thanks so much I just needed reassurance on my goals as was unsure
@nikkion2140
@nikkion2140 3 жыл бұрын
Jamie, if you were to have a commercial unit of 2400 sqf with a blank sheet to you want you want, would you make it an HMO rather than 6 one-bed flats? Any difference in terms of build/conversion costs, which one is more favourable (HMO vs. a block of 6 one-bed flats)? I guess the HMO gives a better yield than individual flat even combined 6 rentals from flats. Right or wrong. Thanks in advance. God Bless.
@JamieYork
@JamieYork 3 жыл бұрын
Completely depends on the area tbh Nikki! I'm a big fan of blocks of flats tbh as it derisks a lot of it!
@ianh9871
@ianh9871 3 жыл бұрын
The biggest single problem with HMO's is the non related people falling out, as their lives change there are disagreements, moving partners in/staying over etc.
@JamieYork
@JamieYork 3 жыл бұрын
People are complex
@highstakes1235
@highstakes1235 3 жыл бұрын
Get a hmo manager
@thelittleguywins
@thelittleguywins 3 жыл бұрын
Spot on. A few investors in Hampshire/Berks with commercial finance just go for BTL now with higher deposits, as interest only mortgages allow them to net more than a HMO, without the hassle. Unless your aiming for a dedicated HMO portfolio of 100+ rooms and ideally an in house management team it's not as rosey as one might think. One HMO with a management company with 200 HMOs under management is not going to get the attention it needs.
@JamieYork
@JamieYork 3 жыл бұрын
Great point!
@jacopo.scarpellini
@jacopo.scarpellini 2 жыл бұрын
‘Great Britain is an island so you cannot expand it and build more houses’? Well, Switzerland is not an island and you cannot expand it either 😁
@JamieYork
@JamieYork 2 жыл бұрын
😂💪
@PKSiAMiAM
@PKSiAMiAM 6 ай бұрын
Please could you do a new video based on the new legislation.
@SlartiBartfast2469
@SlartiBartfast2469 3 жыл бұрын
Hi Jamie, I'm looking to start in the property industry as I'm unemployed, what advice would you give in terms of what job should I look for
@user-ph1cd6ri7t
@user-ph1cd6ri7t 3 жыл бұрын
Come on what chance have you got in property investment, if you can’t even decide what job to take .
@SlartiBartfast2469
@SlartiBartfast2469 3 жыл бұрын
@@user-ph1cd6ri7t not trying to invest yet 🤣🤣🤣🤣🤣🤣🤣 looking for advice on jobs inside the property industry smh
@JamieYork
@JamieYork 3 жыл бұрын
I'd look at either working as a Deal packager or even a trades who are working closely with landlords
@SlartiBartfast2469
@SlartiBartfast2469 3 жыл бұрын
@@JamieYork do I need a qualification for that also I'd like to know about the courses you provide or is it better to contact via Instagram
@acxezknightnite1377
@acxezknightnite1377 3 жыл бұрын
Thanks for another great video, Jamie. I may have missed it, but isn’t another rather large difference between BTL and HMO the section 24 tax implication? I believe section 24 doesn’t apply to HMO, which is a huge tax consideration for many investors. Also, and sorry about this, the letter H is pronounced ’aitch’, not ‘haitch’. I’m only mentioning it because of how much it came up!!! ☺️
@JamieYork
@JamieYork 3 жыл бұрын
My pronunciation is useless 😂 Still section 24 on HMOs mate
@Parmesito
@Parmesito 5 ай бұрын
It's pronounced haitch where I'm from. Ever hear of a dialect?
@acxezknightnite1377
@acxezknightnite1377 5 ай бұрын
@@Parmesito and what dialect does Jamie have?
@Parmesito
@Parmesito 5 ай бұрын
@@acxezknightnite1377 one doesn't have a dialect, one speaks a dialect.
@beeladyvicki8896
@beeladyvicki8896 2 жыл бұрын
Hi Jamie, what's the deal with btl mortgages getting tougher to get? I have 3 - last one I got Jan this year. I cant go via banks etc only via broker - BM solns etc. What's going to happen to make it even more difficult to get a btl mtg? Great videos 😃
@JamieYork
@JamieYork 2 жыл бұрын
Things always change but as long as everything is above board you'll still be able to get a mortgage
@beeladyvicki8896
@beeladyvicki8896 2 жыл бұрын
@@JamieYork yes indeed all above board. Just getting all the mountain of docs they want! Thanks for your reply 😃
@cianlernihan6417
@cianlernihan6417 2 жыл бұрын
BTL just seems easier overall.
@JM-tm4hb
@JM-tm4hb Жыл бұрын
You forgot to mention licence to pay to council for the privilege of having an HMO which average £1200 per year. Comparing buy to let and HMO I believe, is better done if you use ROI rather than yield. With ROI you get a clearer picture of what get you what.
@marcwilliams4014
@marcwilliams4014 Жыл бұрын
do your homework, initial cost is £1420 and they last 5 years and the renewal cost is £1100
@juli5309
@juli5309 3 жыл бұрын
Can I buy a house for living myself and just rent a room in Airbnb? Is that legal?
@isaaco1804
@isaaco1804 2 жыл бұрын
Yes
@johnporcella2375
@johnporcella2375 Жыл бұрын
Consider also renting out a room more long term. Websites like Spareroom.co.uk to advertise your room and find guests.
@King-Conn-
@King-Conn- 2 жыл бұрын
HMO
@samjones07
@samjones07 2 жыл бұрын
Education
@JamieYork
@JamieYork 2 жыл бұрын
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :) Looking forward to growing together!
@King-Conn-
@King-Conn- 2 жыл бұрын
@@JamieYork hi there keen to get going. Haven’t started yet and have about a 300k mortgage available. How do I get hold of you?
@PKSiAMiAM
@PKSiAMiAM 6 ай бұрын
That would not represent expenential growth as it takes 2 people to have a child. You need them to have 3 kids for growth.
@roz9774
@roz9774 6 ай бұрын
Yeah the birth rate in the UK is actually in decline due to typically 2 or less babies per couple. In Scotland life expectancy has also been in decline since 2012. So population growth due to immigration
@dwal007
@dwal007 3 жыл бұрын
Good content, however I disagree with your assessment of population growth. Replacement rate only needs a fertility rate (births per woman) of 2.1. Currently UK fertility rate is 1.68. Without immigration the population would be declining and immigration may lessen post Brexit. Many developed nations are facing population decline in the not too distant future. Italy for example may halve its population by the end of the century. It might have been more accurate to focus on household creation rather than population. The number of households may well increase as more people opt to live in single dwellings....
@JamieYork
@JamieYork 3 жыл бұрын
Some really great notes here David. Maybe households instead of population is the best way to look at it moving forwards
@roll1e76
@roll1e76 3 жыл бұрын
Jamie, are you aware it takes 2 people to have a baby (usually) - so your exponential growth of population because people have 2 kids doesn't really work!
@JamieYork
@JamieYork 3 жыл бұрын
Wait, what?! That’s where I’ve even going wrong 😂
@AH-wr1ir
@AH-wr1ir 2 жыл бұрын
'aitch. it's not haitch.
@JamieYork
@JamieYork 2 жыл бұрын
I’m glad you got value from the video 😉 😂
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